Here are the key points from the latest PortfolioDirect investment report

John Robertson

PortfolioDirect

Here are the key points from the latest PortfolioDirect investment report. Cyclical conditions have shown no improvement although, in contrast to the price action, a statistical analysis of physical market balances suggests the copper market is actually close to another cyclical take-off point. Global conditions appear to have stopped deteriorating but the US Federal Reserve remains hard-pressed to justify policy tightening. The trajectory of sector prices remains upward with falling volatility being a sign of improving confidence about sectoral outcomes. The momentum of gold equity prices has stalled. Unusually, some of the biggest gains in the sector in February came from the largest stocks. Exploration stocks appeared unable to hold their gains for long. Sipa Resources was removed from the model portfolio after a recent strong share price rise. (VIEW LINK)


2 topics

John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.